Iam in Atlatic Standaerd time one hour later than New York,
Most of the action was in European time and I agree that the biggest volume comes from North American traders most likely probable due to logistics and familiarity?
As if I traded the Bund which up to about 6 months ago I didn't know...
Moneycat:
I started out trying to trade it positionally but found that I didn't know enough about its tendencies and how it reacted to economic news, etc etc.
I now primarily day trade it basically scalping and looking for reversal or pull backs and breakouts. I have been making money at it...
Moneycat:
I primarily trade the Canadian Dollar symbol CD on the Chicago Merchantile Exchange Globex (electronic trading) they also offer the pit traded Canadian dollar as well. They have a good web site. I trade it through "xpresstrade " a web basaed electronic platform.
I prefer the Globex...
Andrews
Alex:
Thanks forb the info That is great, I was able to open the link I really apprecaite that. When I went to the first part of the address the web page it was found but may have changed I couldn/t get through?
Does it still exist is there other info there?
Send me a pm if it does...
Anyone trade the CD futures on the globex or pit and can we start up a discussion as to its market behaviour?
Any opinions on this subject ie: what have been your experiences with volatility, trend characteristics etc etc.
Atollen:
I see that qiute a few people on the forum "the Wall " use the pitchfork and a ot of their charts posted ther use it.
They are very informative on the subject and are usually willing to answer questions.
I have tracked down a few books on the subject :
-The Best Trendline Methods of...
Andrews median line studies (Pitchfork)
I have been researching this technique? if you will and have had a hard time getting any firm information on learning this technique or its history?
I have learned that Prof. Allan Hall ANDREWS was using it while he was at MIT, he wrote a 60 page course...
As a follow up the price action has brought the close back into the triangle, selling pressure has put a cap on the breakout. Was it a false breakout?
Or is this more of a continuation due to the lenght of time in consolidation as we are in fact getting closer to the apex of the triangle...
CV:
I fully expect some kind of pull back since the price action didn't move outside the triangles upper trend line. With overhead resistance nearby there will most likely be a bounce and maybe a downward move deep into the triangle?
Thanks for your point of view.
I have been watching this triangle develop in the Dec, cocoa contract . I was expecting it to break to the downside as the triangle is in a downtrend. But low and behold it has moved up through the trend line.
Any opinions out there as to why?
I had one thought that the price action was too...